HN
162 Niagara Boulevard, Fort Erie, ON L2A 3G3, Fort Erie, ON
+7 photos
$3,900,000

162 Niagara Boulevard, Fort Erie, ON L2A 3G3, Fort Erie, ON

Fort Erie, ON L2A 3G3
0 beds 0 baths Commercial

About this home

162 Niagara Boulevard: one of the last remaining waterfront parcels in Fort Erie offering an incredibly rare investment opportunity. Boasting an existing 9,000+ sq ft structure ripe for conversion or expansion, the property commands sweeping, sought-after views of the Niagara River and Lake Erie, with private shoreline. Exceptionally broad zoning allows for a residential condominium with main-level commercial space or a dynamic mixed-use development - think luxury townhomes, boutique hotel or motel, entertainment centre, marine services hub or upscale retail. With true lakefront and riverfront lots nearly extinct in this market, and just minutes from the Peace Bridge to Buffalo, USA, 162 Niagara Blvd is an investors dream: unmatched scale, coveted location and zoning freedom converge in a single, legacy-defining asset.

Property Score

31/ 100
Overall Property Score
poor

A blend of both buyer and investor metrics.

Score breakdown
Walkability
55/100good
Score based on neighborhood density, downtown proximity, and walkable amenities.
Transit Access
35/100poor
GO Transit, LRT, and bus access from this neighborhood.
Schools
70/100great
Based on local school rankings (Fraser Institute proxy).
Affordability
655% of city avgpoor
Priced above Fort Erie's average of $595,000.
Appreciation Trend
+1%/yrgood
Fort Erie has seen +1% YoY price change.
Monthly Cash Flow
-$22,860/mopoor
Estimated -$22,860/mo at 20% down, 5% rate, 25-yr amortization.
Cap Rate
-1.42%poor
Net operating income divided by purchase price.
Basement Suite Potential
Not viablepoor
This property type typically can't add a basement suite.
Move-In Ready
Avggreat
Estimate. Use the listing description and photos to assess actual condition.
MLS® # X12256646
Listings displayed are for informational purposes only and are believed to be accurate but are not guaranteed. MLS®, REALTOR®, and the associated logos are owned by The Canadian Real Estate Association (CREA). MLS® data is provided courtesy of the Toronto Regional Real Estate Board (TRREB) and is for personal, non-commercial use only. Cityscape Real Estate Ltd., Brokerage.

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